JPMorgen Placed Bitcoin's Fair Price at $38K

According to a note JPMorgen issued to clients this Wednesday, the bank giant placed Bitcoin's fair price at $38,000. At this point, Bitcoin is trading around $28,887. In February, JPMorgen placed Bitcoin's fair price also at $38,000, when the crypto currency was trading around $43,400. The note said, "Our best guess is the VC funding will continue and a long winter similar to 2018/2019 would be averted. "